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. that is the message the president is taking to the public right now and with the recent election results behind him he is hoping to get republicans to bow and get out of the way of that in terms of trying to hold up a debt limit and let the economy take off. republicans are trying to figure out how do we get leverage to change the level of spending long term in the country? that is where the two sides are at odds in a very difficult way. >> right. finally a lot of chatter this morning about the portrait of the president always sort of encapsulates a moment in time. people either commenting on the degree to which he's gotten gray which happens to a lot of chief executives, but also some say, john, looking satisfied with a win in the last election. what is your take? >> i totally agree with that. he is grayer than he was but just as confident, some would say cocky and the picture captures that. this is a president who a lot of people thought because of the state of the economy wasn't going to win re-election. he did. he faced down the republican campaign and won it and now he is saying, hey. i'm on top
. it puts him in a stronger position to win that election. >> yes, what a week he's having. thanks, simon. welcome back, simon hobbs. a check on energy and commodities. sharon brought us inventory numbers about 30 minutes ago. sharon? >> we're seeing reaction to that. let me tell you first what is happening in the metals market. we are seeing some technical selling here in gold and silver with gold below a key technical level, below 1675 an ounce and silver below $32 an ounce . some folks pointed to what is happening in washington for the pullback. but more traders say more technical selling below the key levels that they're watching. we're also looking at copper prices that are only positive metal here, positive in metal territory after that flash pmi data. continuing to watch to see if copper has more gains. but as you mentioned, it is oil that is definitely the story here of the last few minutes. and that is after the inventory report from the department of energy and the big surprise there, what traders are most focused on, is the fact that we saw a withdraw of supply from kushing, ok
it's discouraging a lot of good people. campaign finance reform, how we elect and re-elect public officials has got to be part of the solution to the dysfunctionalty we see in washington in -- >> in the meantime, enjoy the weather. back to you. >> simon, thanks so much. >>> couple of positive notes from analysts pushing facebook sharply higher today. our julia boorstin is live in l.a. with the details. >> good morning to you. that's right. facebook shares were up as much as 4% higher this morning. there seems to be a growing consensus that facebook will figure out the mobile ad business. oppenheimer notes that it's not hurting user engagement pointing to numbers from december that show facebook growing its lead over its rivals. also bouncing off those numbers, cantor fitzgerald reiterated the buy rating, making more money on mobile and on optimism about the new ad formats. hillside partners unveiled some new research showing growth in users as well as small business spending on facebook ads. and topeka raised the price target to 40 bucks saying that facebook's new graph search, qu
. >> in no doubt about it. in terms of europe. you have the election in italy, bonds due, interest on the bonds due in spain. do these represent hiccups do you think? >> i think they're just challenges or marks in the journey. look at what the progress has been in europe. the progress with the fiscal constraint in portugal, in ireland, in spain. the role monti has played in italy and the leadership he's given that country. the steadfastness of merkel in germany. the fiscal restraint in the uk. all of these are saying we get it collectively. we need to show restraint, but we need to restructure at a pace our societies can absorb so we're going to have a continued series of steps. there's no big bang answer. >> speaking of the u.s. for a moment, a number of banks are getting out of fixed income. you're sticking with it. why? even though we've seen a big drop-off in fixed income and equities have been the place to be in terms of flow. >> yeah. honestly, there are very few if you really peel it back, there are very few that are actually exiting fixed income. what a lot of them are doing is bringing dow
Search Results 0 to 3 of about 4